Scott Kessler is the director of equity research at CFRA Research and leads the tech coverage for his team. Kessler says tech is reasonably valued and is right in line with the market. He doesn't see the excess valuations that people are talking about. CFRA Research has a 'Buy' recommendation on all the FANG (Facebook, Amazon, Netflix, Google) stocks. Kessler also shares his favorite tech stock which is one of the worst 10 performers in the tech sector year-to-date.

Fidelity Investment sector strategist Denise Chisholm recently published her quarterly sector update. Sara Silverstein shares an interesting takeaway from Chisholm's research that points to the differences in tech companies today versus the days of the tech bubble.